3 Reasons to Consider Owning a Pallet Business

The Need is Great

Any business that stores goods needs a regular pallet supply. From the grocery store receiving produce to a factory shipping goods to retailers, pallets are an essential business tool.

One might think that’s the beginning and end of pallets, but there’s more to the industry than manufacturing and supplying them. When we factor in the storage, transportation, and logistics of moving goods around the globe, it’s easy to see why the pallet business is one to get passionate about.

Yes, we really did say there’s a passion to be found in pallets, and our franchisees have come to appreciate them too. We’ve highlighted our top three reasons for buying a pallet business today.

There’s Never Been a Better Time for Pallets

The pallet industry is increasingly vital. According to IBISWorld, it generates $10 billion per year. With an annual growth rate of 6.4 percent, it doesn’t seem to be slowing down anytime soon.

As long as goods need to be moved and transported, there will be a need for pallets, and demand may increase. There is money to be made, and franchisees don’t have to deal with overhead. They don’t need to own a warehouse or trucks to take advantage of a home-based business. Instead, a SUPPLY POINTe franchisee will simply be a service provider.

According to a November 2017 piece in the Wall Street Journal, U.S. manufacturing has picked up over the past year “thanks to steady economic growth, a rise in energy and other commodity prices, and increased business confidence.” Increased manufacture of goods means more pallets will be needed along with greater demand for shipping and logistics, all of which a pallet business can deliver.

Pallet Business is Solid, Low-Cost Option

The shipping and logistics trade is a global business, offering multiple entry points for new franchise business owners. Joining the pallet industry has low-cost options, such as a home-based franchise or a warehouse operation. Individuals with a sales background who want to use those skills to benefit themselves and their families would make ideal franchise owners.

 

It’s Easy to Get Started

With franchise opportunities available, a single low-cost investment can set an owner up with a business for life. Candidates don’t need to have experience managing their own business, and marketing expertise isn’t required. As long as they are passionate about what they do and have the will to succeed, there will be a pallet-based opportunity that will help them achieve their dreams around business ownership.

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